Leonardo Gambacorta

Leonardo Gambacorta

Head, Innovation and the Digital Economy
Monetary and Economic Department

Leonardo Gambacorta is the Head of the Innovation and the Digital Economy unit at the BIS. Before taking up his current position, Leonardo was Research Adviser (2014-2018) and Head of Monetary Policy (2010-12) in the Monetary and Economic Department. Previously, he was Head of the Money and Credit Unit (2007-09) and Head of the Banking Sector Unit (2004-06) of the Research Department of the Bank of Italy. He was a visiting scholar at the National Bureau of Economic Research (2002-03). He holds an MSc in Economics from the University of Warwick and a PhD in Economics from the University of Pavia. His main interests include monetary transmission mechanisms, the effectiveness of macroprudential policies in curbing systemic risk, and the effects of technological innovation on financial intermediation. He is a research fellow of the Centre for Economic Policy Research.

Fields of interest

  • Finance
  • Monetary policy
  • Central banking

96 items
Forthcoming

by Alessio Reghezza, Giulio Velliscig, Leonardo Gambacorta and Yener Altunbas

in Journal of Corporate Finance
October 2022

by Jon Frost, Leonardo Gambacorta and Romina Gambacorta

in Journal of Economic Behaviour & Organization
Forthcoming
Operational and cyber risks in the financial sector

by I├▒aki Aldasoro, Leonardo Gambacorta, P Giudici and T Leach

in International Journal of Central Banking
Forthcoming
Do macroprudential policies affect non-bank financial intermediation?

by Francesco Manaresi, Giulio Cornelli, Leonardo Gambacorta, Shiina Yasushi and Stijn Claessens

in International Journal of Central Banking
April 2022

by Han Qiu, Leonardo Gambacorta, Yi Huang and Zhenhua Li

in Review of Finance
forthcoming
Low price-to-book ratios and bank dividend payouts: economic policy implications

by Hyun Song Shin, Leonardo Gambacorta and Tommaso Oliviero

in Economic Policy
Forthcoming

by Hyun Song Shin, Jon Frost, Leonardo Gambacorta, Sebastian Doerr and Sharon Chen

in Journal of Financial Intermediation
March 2023

by Giulio Cornelli, Jon Frost, Leonardo Gambacorta, Raghavendra Rau, Robert Wardrop and Tania Ziegler

in Journal of Banking and Finance
January 2023
Financial structure and income inequality

by Leonardo Gambacorta

in Journal of International Money and Finance
Forthcoming
Regulatory sandboxes and fintech funding: evidence from the UK

by Giulio Cornelli, Leonardo Gambacorta, Ouarda Merrouche and Sebastian Doerr

in Review of Finance